10 Beds
5 Baths
999 SqFt
10 Beds
5 Baths
999 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 999 sqft
Price per Sqft $725
Subdivision Orange Court
MLS Listing ID V4951465
Bedrooms 10
Construction Status Completed
HOA Y/N No
Year Built 1957
Annual Tax Amount $2,622
Lot Size 0.400 Acres
Acres 0.4
Lot Dimensions 75x165
Property Sub-Type Quadruplex
Source Stellar MLS
Property Description
Collect $4,525 in proven monthly rents from long-term, month-to-month tenants, ensuring immediate income and flexibility for future rent optimization. Each property is strategically positioned within minutes of vibrant, award-winning Downtown DeLand, placing tenants close to hospitals, diverse shopping, major commuter routes like I-4, and Florida's renowned beaches. This turn-key portfolio combines stability with growth potential in a highly sought-after market. Don't miss this chance to acquire a meticulously assembled DeLand asset. Inquire today for details.
Down Payment: $75,000.
Mortgage: $650,000.
Interest Rate: 7.0 %
Amortization: 20 years.
Balloon Payment: 5 years.
Current Monthly Rents:
1. 730 Lindley Blvd: $1,100.
2. 242 N. Garfield Ave.: $1,025.
3. 916 Cass St.: $1,200.
4. 213 Leon Ave.: $1,200.
All four tenants are currently Month to Month and have been long term tenants.
Location
State FL
County Volusia
Community Orange Court
Area 32724 - Deland
Zoning 01R3
Interior
Interior Features Ninguno
Heating Other
Cooling Other
Furnishings Unfurnished
Fireplace false
Laundry Other
Exterior
Exterior Feature None
Utilities Available Cable Available
View Y/N No
Water Access No
Roof Type Roof Over,Shingle
Garage false
Private Pool No
Building
Lot Description City Limits, In County, Level, Paved
Entry Level One
Foundation Crawlspace, Slab
Lot Size Range 1/4 to less than 1/2
Sewer None
Water Public, See Remarks
Structure Type Other
New Construction false
Construction Status Completed
Others
Pets Allowed Yes
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, Owner Financing
Listing Terms Cash, Conventional, Owner Financing
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/V4951465
Learn More About LPT Realty
Sales Executive License ID: SL3522272